JD Supra Ireland

JD Supra
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Latest documents

  • End of Court Year Case Digest: Irish Insolvency & Restructuring Judgments

    As another Irish Court year will soon commence, now is an opportune time to look back at some of the more interesting insolvency and restructuring judgments to have been delivered in the Superior Courts during the last 12 months. The judgments explored below will prove of relevance and importance to practitioners and clients navigating distressed corporates and assets over the coming weeks and years. Please do get in touch with your Walkers Ireland Insolvency and Dispute Resolution contact or any of the contacts listed below with any comments or queries. Please see full Article below for more information.

  • Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022

    The Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 (the “2022 Act”) was commenced on 16 May 2022. The introduction of the 2022 Act ensures that providers and servicers of hire purchase products including personal contract plans (PCP), consumer hire, and a broader range of credit, will now need to be authorised by the Central Bank of Ireland (the “CBI”). Please see full Update below for more information.

  • Central Bank Publishes Outsourcing Register - Submission Requirements

    The Central Bank of Ireland has published guidance notes and submission templates on the new outsourcing registers that regulated financial services providers are expected to establish and maintain. For any entities that are required to submit registry information to the Central Bank, details of outsourcing arrangements in place as of 31 December 2021 must be submitted via the online reporting system by close of business on 7 October 2022. Please see full Article below for more information.

  • Central Bank of Ireland - Anti-Money Laundering Bulletin for the Funds Sector

    Having recently conducted a number of anti-money laundering, counter financing of terrorism and financial sanctions (“AML/CFT/FS”) supervisory engagements with Funds and Fund Management Companies (“Firms”), the Central Bank of Ireland (“CBI”) has published a bulletin (the “Bulletin”) which details its findings and expectations across the following key areas: Corporate Governance; AML/CFT/FS Business Risk Assessment; Outsourced AML/CFT/FS Activities; and Customer Due Diligence. Please see full Article for more information.

  • Updates to the Central Bank’s Pre-Submission Process

    On 1 July 2022, the Central Bank provided an update relating to the pre-submission process it has in place for certain Qualifying Investor Alternative Investment Funds (“QIAIFs”). Going forward this process is only required where it is proposed that a QIAIF will invest in: (i) Irish property assets; or (ii) crypto assets. Please see full Publication below for more information.

  • Establishing a Business Entity in Ireland (Updated)

    I. Introduction - As a common law jurisdiction, Ireland’s legal system is similar to that of the US and the UK and businesses can be carried on in Ireland in several different ways, including as sole traders, partnerships, or companies. Companies - A company is a body formed and registered under the Companies Act 2014, which has legal personality separate and distinct from its shareholders. There are various types of companies, and each has its own distinct advantages and disadvantages. Please see full Chapter below for more information.

  • Irish DPC gets go ahead in latest chapter of the saga of Max Schrems and Facebook

    On 14 May the Irish High Court handed down its judgment in the judicial review case brought by Facebook Ireland Ltd (FBI) against the Irish Data Protection Commission (DPC), finding substantially in favour of the DPC.

  • Stamp duty and affordable housing charges

    The Irish government has increased the rate of stamp duty payable on the purchase of residential units (houses and duplexes), where 10 or more such units are acquired by one party (or by one party and a "connected party") over a 12-month period, to 10% from the current rate of 1% on the first €1 million (and 2% on the value in excess of €1 million). In the event that the 10 units are acquired in multiple transactions across a 12-month period, the higher rate of stamp duty will be triggered on the acquisition of the tenth unit and applied retrospectively to the initial nine units.

  • EU-U.S. Data Transfers Under Fresh Spotlight Following Irish DPC Ruling

    Today saw a key ruling by the Irish High Court which could have wide ranging implications in relation to a range of data use, targeted advertising and data transfers between Europe and the United States. The Irish data protection enforcer, the DPC, had issued a Preliminary Draft Decision (PDD) raising various concerns over the lack of privacy rights of EU citizens when their personal data is transferred to the U.S. for commercial purposes and the basis typically relied upon by businesses, namely, the Standard Contractual Clauses (SCCs)....

  • Republic of Labour Law - Irish HR Updates in March

    This week in the Republic of Labour Law, we discuss an upcoming change to Parent’s Leave. Currently, Parent’s Leave entitles each parent to two weeks’ leave during the first year of a child’s life, or in the case of adoption, within one year of the placement of the child with the family.

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